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Honeymoon Rates are exactly what it says. An interim or early period of your loan contract generally 6 or 12 months giving you a heavily discounted introductory rate for that period. It can be a discount variable or fixed rate and is offered by most lenders. Be mindful of the revert rate and be sure to ask your broker to compare the cost differences as it may prove to be more economical to take a professional packaged standard variable.
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